Publications and reports

Overview of the Israeli electricity market 2020

This report encloses 2019-20 developments and statistics of the Israeli electricity market with emphasis on the power generation segment. 2019 was notably influenced by the Electricity Market reform of July 2018 and the connection of the Leviathan gas field to the national gas network, while in parallel a significant progress continued in the renewables segment with integration of hundreds of MWp in 2019 and 2020. By the end of 2019, Israeli national electric generation capacity was at 19.3 GWp, with IEC making up 63.4% of total grid-connected capacity, while private producers made up the remaining 36.6%. In terms of electricity generation and supply, 72.5 million kWh were produced in 2019 in the Israeli market, up from 69.6 million kWh in 2018. That year, the generation segment was relying on a mix of fuels, dominated by natural gas and coal - both utilized by the Israel Electric Corp (IEC) as primary fuels. Secondary fuels of the IEC were diesel, oil fuel and methanol. Private power generation facilities were primary relying on natural gas, while diesel, oil fuel, kerogen and renewables were secondary energy sources.

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Assessing the transport parity of battery electric vehicles 2020

This report is analyzing performance parameters of Battery Electric Vehicles (BEVs) in comparison to Internal Combustion Engine (ICE) cars as of 2019-20 in order to evaluate future BEV competitiveness and the rate of penetration into US private vehicle market. In 2019 the number of delivered BEVs in US was at 265,394 units, similar to 271,932 units the previous year. Interestingly, this came in line with a continuing trend of decreasing sales of passenger vehicles in the US. The overall percentage of BEVs from among passenger cars reached 5.5% - a continuing increase from 1.06% in 2016, 1.83% in 2017 and 4.95% in 2018. BEVs formed 80% of Plug-in EVs, clearly showing dominance over PHEVs; in 2018 this share was at 75%. Despite an overall decline of car sales in 2020, BEV and PHEV sales are thought to be less hit upon the pandemic crisis, so BEV percentage can still go up despite an overall number of sold cars going down.

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Does Chevron-Noble Energy deal affect the EastMed pipeline project feasibility?

Does Chevron's acquisition of Noble Energy affect the feasibility of the EastMed natural gas pipeline project? This is the question which arises upon the surprising announcement on Chevron's acquisition of Noble Energy's shares in parallel with the ratification of the EastMed gas pipeline agreement by Israel and Cyprus earlier this month. Noble Energy is the operator of the Tamar and Leviathan gas fields in the Israeli exclusive economic zone and is also one of the three license holders of the Aphrodite gas field in the Cypriot exclusive economic zone. Altogether the Leviathan and Aphrodite gas fields could provide sufficient gas quantities to support long-term natural gas export from the EastMed region to Southern Europe. This assessment will try to determine whether Chevron's entrance into the EastMed region is related with the EastMed pipeline project and to what extent the feasibility of such megaproject is affected in the age of Covid19 and associated global energy crisis.

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Survey of Israeli drone technology companies 2020

This 2020 market survey identified 84 Israeli civilian drone technology companies including providers of UAVs & Platforms, Drone Systems, Anti-Drone solutions, Passenger Drones and Aftermarket products. Out of surveyed civilian drone technology companies, a remarkable 68% are startups – actively operating privately-held companies established within the past decade, which have yet reached an IPO or underwent M&A; 32% are mature companies, including publicly traded ones.

 

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Privatization of IECs Natural Gas power plant compounds

This overview focuses on the privatization process of Israel Electricity Corp's natural gas power plant compounds. There are 5 such compounds designated for privatization - two of them, the Alon Tavor and Ramat Hovav, have already completed the process. The 600MW Alon Tavor was acquired for the Chinese-Israeli consortium MRC for 1.9 billion NIS back in July 2019, while the larger 1150MW Ramat Hovav tender was won by Israeli consortium HPLP this month (June 2020) for 4.25 billion NIS. Other designated power plant compounds are to be released for bidding by 2023 - Reading Tel Aviv, Hagit Yokneam (see photo) and Eshkol Ashdod. Next sales are however to be performed under completely different circumstances, due to dramatic changes in local and global economy.

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Eastern Mediterranean gas prospects in the shadow of 2020 crisis

The fast pace of the 2020 crisis met the Eastern Mediterranean gas sector unprepared. Nearly two decades of gas bonanza now seem to be spiraling towards a very uncertain future, where it is extremely difficult to develop new projects and resources. The collapse of the oil price was primarily a direct hit to the prestige of oil & gas sector and its status of a long-term investment. Despite the rebound of worldwide hydrocarbon demand and doubling of oil price since April lows, involved companies are scaling down their footprint in the Eastern Mediterranean diverting activities to low risk projects. The situation emphasizes the importance of risk assessment for long term projects of this kind.

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Survey of Israeli smart energy companies 2020

Smart energy technologies include a range of solutions aimed at the optimization of energy systems, including energy generation, energy transmission, energy conversion, energy storage and energy utilization. With thousands of active startup companies, Israel serves as one of the primary innovation hubs in the world. This is also the case for smart energy technologies, being among the key factors for the future of sustainable, resilient and clean energy. This 2020 market survey identified specific smart energy technology companies from among several thousand active Israeli Hi-Tech companies - mostly recently established startups.

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Overview of Mideast hydrocarbon pipelines 2020

This study analyzes the 2020 operation statistics of Mideast oil and gas pipelines with emphasis on inter-state midstream projects in order to assess the long-term financial feasibility of such projects and their correlation with regional geopolitical stability. The outcome from 2020 analysis is that seven inter-state Mideast hydrocarbon (oil and gas) pipelines, which have already terminated operation, had been in use for a median lifetime period of 13 years. Furthermore, looking at the twenty currently operating inter-state hydrocarbon pipelines in the Mideast, it appears that their median operation lifetime to date is 13.5 years - both figures implying regional stability. Despite stabilization during the past five years, there is little certainty yet for long-term pipeline operational stability in the region.

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Projection for 2020 oil prices

The year 2019 was characterized by balance of demand and supply, with an average pricing of 63.93 USD per Brent oil barrel and standard deviation of 4.00 USD on monthly basis (6.29%). This study aims to provide a projection for average crude oil pricing during 2020, utilizing predictive analysis methods correlated with fundamental analysis. Evidently, predictive analysis cannot provide accurate answers, since it is rather providing a statistical probability, but we can define a high probability range with fair accuracy.

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Analysis of innovative rechargeable battery technologies 2019

Rechargeable batteries, largely encompassing secondary electrochemical cells, have a profound role in multiple industries and hold the potential to become a disrupting element for future infrastructures. The market of rechargeable batteries is rapidly expanding, fueled by the growing utilization of secondary cells in portable electronic devices, electric mobility solutions, grid energy storage and also a growing use within the general industry. This survey brings you the 2019 comparative progress map of innovative rechargeable battery technologies, aiming to take on conventional Lithium-ion (Li-ion) batteries, as well as the updated development and commercialization status of each technology.

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Lithium production prospects 2019

Despite the rapid expansion of Li-ion battery production worldwide and parallel expansion of lithium mining, there are several question marks posed for the mid and long-term prospects of this industry. This survey is bringing the updated 2019 analysis of raw Lithium production worldwide, providing supply projections for the mid and long-term trends. It is evident that Li-ion is due to retain its role as the dominant technology for energy storage in the coming years, but critical outlook on global Lithium resources is important in order to prepare for potential disruptions in this market. The recent shifts in production may also contain hints to upcoming Lithium-ion utilization trends and the competitiveness of alternative battery technologies.

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Integration of solar PV in Israel 2019

Solar photovoltaic (PV) facilities is continuing to form a dominant share of new capacity additions in the electricity generation segment in Israel and worldwide. The total capacity of grid-connected PV facilities in Israel was at 1243 MWp by the end of 2018 and is expected to surpass 1,600 MWp by the end of 2019. The capacity of PV facilities increased by 29% year-over-year from the end of 2017 to the end of 2018 - a significant surge from previous 12% annual growth rate. In terms of electric generation, solar PV facilities produced 1,747 million kWh in 2018 – an increase of 10% from 1,584 million kWh in 2017, also a surge from previous moderate 3% growth rate. The percentage of solar PV generation out of total electricity generation in the country increased from 2.3% in 2017 to 2.5% in 2018 and is expected to reach nearly 4.0% in 2019.

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Solar irradiance outlook in Eastern Mediterranean 2019

This study summarizes the 2018 Eastern Mediterranean solar irradiance figures on ground level and makes a preliminary estimate for 2019. Regional solar irradiance data is analyzed in order to estimate the normalized output of solar power facilities in the region, considering the strong link between the two variables. The average solar energy cumulative flux, measured at the IMS station in Bet Dagan in Israel's Central Coastal Plane during 2018, was 5,339 Wh/m2 per day, which is 6.3% higher than the 1965-2014 multi-year annual solar flux average. The anomaly is within the standard annual deviation of ±4.0% during the 1965-2014 period. 2019 is expected to show above average solar irradiance figures in the Eastern Mediterranean region, continuing the high-level solar irradiance trend - similar to the period of late 1960s and early 1970s or even exceeding it.

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Vulnerability of global oil market in light of the looming Persian Gulf crisis

Over the past several weeks the petroleum market has experienced the most significant daily price spike since 1990-91 Gulf War - the result of a sophisticated drone attack on Abqaiq and Khurais oil facilities of Saudi Arabia. On the next trading day following the incident, the spot oil price of Light Crude surged more than 15% - from 55 up to 63 USD per barrel. It took two weeks for the oil price to gradually return to its pre-attack levels. Though the attack paralyzed nearly one half of Saudi oil capacity, the effect was short and within days production returned to normal. However, the real question is whether this attack is a standalone incident with no long-term effect or another major step in the escalating conflict between Iran and Saudi Arabia, which could repeat the Persian Gulf oil crisis of the 1980s.

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Overview of the Israeli electricity market 2019

This report encloses recent developments and statistics of the Israeli electricity market with emphasis on the generation segment. The past year was marked with the adoption of the Electricity Market reform in July 2018 and the beginning of its implementation in 2019, while in parallel a significant progress has been made in the renewables segment with integration of hundreds of MWp in 2018 and 2019. By the end of 2018, Israeli national electric generation capacity was at 18.1 GWp, with IEC making up 73.6% of total grid-connected capacity, while private producers made up the remaining 26.4%. In terms of electricity generation, 69.6 million kWh were produced in 2018 in Israel. In 2018, the generation segment was relying on a mix of fuels, dominated by natural gas and coal - both utilized by the Israel Electric Corp (IEC) as primary fuels. Secondary fuels of the IEC were diesel, oil fuel and methanol. Private generation facilities were primary relying on natural gas, while diesel, oil fuel, kerogen and renewables were secondary energy sources.

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